Free Trial

Asia Drives Weekly Rise in Jet Fuel Demand: BNEF

JET FUEL

Global implied jet fuel demand is set to rise by 0.9% on the week to 6.1m b/d in the week to Feb. 12, according to BNEF.

  • Asia is the lead driver of growth, with a rise on 2% on the week. Asia’s growth is offsetting falls in North and South America, and Europe.
  • Domestic flights in China are set for a rise on 4% in the next four weeks, based on current schedules. However, these are subject to last minute changes.
  • The Chinese New Year holiday from Feb. 10-17 is expected to bring a 10% rise in the number of trips compared to 2019 levels.

Keep reading...Show less
105 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Global implied jet fuel demand is set to rise by 0.9% on the week to 6.1m b/d in the week to Feb. 12, according to BNEF.

  • Asia is the lead driver of growth, with a rise on 2% on the week. Asia’s growth is offsetting falls in North and South America, and Europe.
  • Domestic flights in China are set for a rise on 4% in the next four weeks, based on current schedules. However, these are subject to last minute changes.
  • The Chinese New Year holiday from Feb. 10-17 is expected to bring a 10% rise in the number of trips compared to 2019 levels.